2007-05-03 15:13:50 · 4 answers · asked by jajhansen27 1 in Business & Finance ➔ Credit
Thanks, we are looking to buy land to build a house in like 6-8 months & build in 2-3 years after i finish nursing school...Does anyone know of any lenders that specialize in bad credit?
2007-05-03 15:36:55 · update #1
Yes you can.
But you may have to wait to get a mortgage on investment property for a few years however. For a primary residence you may be able to do so, but will have to meet work history requirements and have the required downpayment. Your interest rate will be quite a bit higher, but its not undoable. (and of course you can do anything with cash but if you just had a bankruptcy i would imagine you don't have cash on hand to buy a house outright)
2007-05-03 15:22:44 · answer #1 · answered by JustMe 4 · 0⤊ 0⤋
Sure you can. But they will charge you an arm and a leg as far as rates go. Plus they will require a mega down.
Besides...you think life is over cause you filed BKC?? Creditors love you now. Cause if you mess up on them now...you cant file for another 7 years. They are secure. Besides...they have insurance for when you filed BKC.
Dont worry about it too much. Go see who can give you the best rates.
Good luck
2007-05-03 19:09:53 · answer #2 · answered by smile4cobra 3 · 0⤊ 0⤋
Yes, if you have the cash to pay for it outright. However, you will have to wait several years to qualify for a mortgage.
2007-05-03 15:34:57 · answer #3 · answered by userafw 5 · 0⤊ 0⤋
If you somehow have the $$$$$$ . . .
If you have cash , you can buy whatever .
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2007-05-03 15:22:28 · answer #4 · answered by kate 7 · 0⤊ 0⤋